How to set a new fiscal year

Choose the search icon, enter Accounting Periods, and then choose the related link.
From new popped up window, enter your starting date of fiscal year. In this example, we are starting new fiscal year from the first of April.
Then go to Process and Create Year...
As we need to create every month for a fiscal year, leave everything as default then click on OK.
Every month filled in automatically, we need to select April as new fiscal year. Once you selected April as New Fiscal year then you can close this window. All set now for a new fiscal year.